1) Hummmm. Home sales is a toughie in the NIPA accounts. I believe that in the NIPA accounts, new homes sales are counted as private domestic investment. Check the NIPA accounts under www.BEA.GOV for more info.

2) I agree

3) You are probably right. However, in theory, one could get a rise in corporate profits and an increase in GDP without any increases in real wages.

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